Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 27,766 shares, an increase of 226.2% from the September 15th total of 8,512 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 45,075 shares, the days-to-cover ratio is presently 0.6 days.
Federated Hermes Short Duration High Yield ETF Stock Performance
NYSEARCA:FHYS traded up $0.02 during trading hours on Friday, reaching $22.58. 311,519 shares of the company were exchanged, compared to its average volume of 23,670. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $23.01. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.36 and a twelve month high of $23.47.
Institutional Trading of Federated Hermes Short Duration High Yield ETF
Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Federated Hermes Short Duration High Yield ETF by 15.4% during the second quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock valued at $1,007,000 after acquiring an additional 5,838 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Federated Hermes Short Duration High Yield ETF by 63.8% in the second quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock valued at $506,000 after acquiring an additional 8,550 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF in the first quarter valued at approximately $45,000. Janney Montgomery Scott LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF in the first quarter valued at approximately $203,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 46.1% in the first quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after acquiring an additional 11,684 shares during the last quarter.
About Federated Hermes Short Duration High Yield ETF
The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.
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